Fauci, other top health officials to testify before lawmakers

More and more state officials are pausing or rolling back efforts to reopen the economy as the coronavirus spreads to new communities and picks up speed in many parts of the U.S. government, Arizona. Doug Ducey became the last official to back down from his state Monday night. after weeks of increase in cases. On Tuesday, Dr. Anthony Fauci and other top health officials will testify before lawmakers about the state of the outbreak.

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news comes out.

  • Global cases: more than 10.3 million
  • Global deaths: at least 505,518
  • US cases: more than 2.59 million
  • Deaths in the United States: at least 126,141

The above data was compiled by Johns Hopkins University.

New cases arise in the United States

Goldman Sachs says national mask mandate could save economy from 5% hit

9:02 am ET – Goldman Sachs told clients that a nationwide face mask mandate could reduce the daily growth rate of new confirmed cases of Covid-19 and prevent the US economy from taking a hit from the 5% of GDP instead of additional blocks.

Jan Hatzius, chief economist at Goldman, said a national mask mandate could increase the percentage of people wearing masks by 15 percentage points, and found that the rule could replace locks that would subtract nearly 5% of GDP growth. —Thomas Franck

An increase in nationalism could lead to an even more deadly pandemic, professor warns.

8:22 am ET – An increase in nationalism and inward politics could lead to another even more deadly pandemic in the future, according to Ian Goldin, professor of Globalization and Development at the University of Oxford.

Goldin, who previously served as an adviser to Nelson Mandela and a former vice president of the World Bank, told CNBC that if more protectionism emerges from the coronavirus crisis, the world will face a host of risks, including an even bigger pandemic, more financial crisis. and “Cold War 2.0”.

“We are faced with a choice,” he said. “Either the pandemic teaches us to be more globalized in politics, to stop the next pandemic, to cooperate, to restore global growth, or we become more national, in which case we are on a downward spiral.”

Goldin has been predicting a pandemic for several years, warning in his 2014 book “The Butterfly Defect” and a 2018 BBC series that a disease outbreak would be the most likely cause of the next global economic crisis. —Chloe Taylor

British Boris Johnson promises to ‘build, build, build’ by announcing increased investment

British Prime Minister Boris Johnson speaks during a daily briefing to update on the outbreak of coronavirus disease (COVID-19), at 10 Downing Street in London, Britain, on June 3, 2020.

Andrew Parsons | 10 Downing St | via Reuters

7:34 am ET – UK Prime Minister Boris Johnson announced a public investment program that the government hopes will help the British economy recover from the coronavirus crisis.

“We cannot simply continue to be prisoners of the crisis,” Johnson said in announcing £ 5 billion ($ 6.15 billion) of government spending on various public infrastructure projects, ranging from hospitals to roads to schools. “We must work fast because we have already seen the dizzying drop in GDP (gross domestic product).”

Vowing to “build, build, build,” Johnson announced plans to increase government infrastructure spending and cut construction and development bureaucracy. He compared his plan to the “New Deal” public works program of former President of the United States Franklin D. Roosevelt in the 1930s.Holly Ellyatt

Fauci, other health officials will testify in Congress

The director of the National Institute of Allergy and Infectious Diseases, Dr. Anthony Fauci, wears a face mask while waiting to testify before the House Energy and Commerce Committee on the Trump Administration’s response to the COVID-19 pandemic, in the Capitol of Washington, DC, United States, June 23, 2020.

Kevin Dietsch | Reuters

7:13 am ET – White House health adviser Dr. Anthony Fauci will testify before members of Congress on Tuesday at 10:00 am ET.

Fauci will be joined by Dr. Robert Redfield, director of the Centers for Disease Control and Prevention, and Admiral Brett Giroir, deputy secretary of health, Department of Health and Human Services. Dr. Stephen Hahn, commissioner of the Food and Drug Administration, is also scheduled to testify.

The Senate health and education committee will hold the hearing, an “update on progress toward safe return to work and back to school.”

The four officials scheduled to speak testified in a full-day hearing before members of the House just a week ago when officials offered an overview of the United States’ response to the pandemic thus far and warned of a difficult fall season. . –Will Feuer

Read CNBC’s previous live coverage of coronavirus here: New strain of flu found in China; The WHO warns that “the worst is yet to come”